November 14, 2024
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4min
SLT-MOBITEL Group has reported a Profit After Tax (PAT) of Rs. 1,093 million for Q3 2024, compared to a loss of Rs. 1,543 million for the same period last year, demonstrating a significant 171% turnaround in bottom-line performance. At company level, Sri Lanka Telecom PLC (SLT) also recorded a positive PAT of Rs. 932 million […]

October 30, 2024
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7min
Profit before Income Tax – LKR 10,608 Mn up by 47.72% Profit after Tax – LKR 6,593 Mn up by 46.65% Liquidity Coverage Ratio (LCR) – All Currency of 442.64% and Rupee of 509.82% Total Capital Adequacy Ratio of 17.05% Impaired Loan (Stage 3) Ratio 3.05% Seylan Bank recorded a Profit after Tax of LKR […]

August 15, 2024
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4min
First Capital Holdings PLC (the Group) reported a Profit After Tax of Rs. 582 million for the quarter ended 30 June 2024, compared to Rs. 2.8 billion in the same period last year. This performance marks a significant achievement reflecting the Group’s strategic agility amidst the uncertain and challenging political and macroeconomic environment characterized by […]

May 30, 2024
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4min
People’s Leasing & Finance PLC, a leading non-banking financial services provider in Sri Lanka, has demonstrated remarkable resilience and strategic foresight in its financial performance for the fiscal year 2023/24. The company reported a robust Profit After Tax (PAT) of Rs. 3,541 million, marking a significant 17.3% increase from the Rs. 3,018 million recorded the […]

November 14, 2023
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13min
      Financial Performance , recording a growth of 136.4% and 71.5% respectively against the subdued financial figures reported during the corresponding period in 2022. Key highlights for the period ended 30th SeptemberSampath Bank registered profit before tax (PBT) of Rs 22.0 Bn and profit after tax (PAT) of Rs 12.3 Bn for the […]

August 3, 2023
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4min
      People’s Leasing & Finance PLC (PLC) has successfully concluded the financial year 2022/23 with an impressive profit after tax (PAT) of Rs. 3.02 billion. Throughout the year, PLC’s performance exhibited resilience and strength, contributing to this outstanding achievement. Despite challenges in the operating context during the first two quarters, the company’s performance […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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